One of the classical Bernstein inequalities compares the maxima of a p
olynomial of a given degree on the interval [-1,1] and on the ellipse
in the complex plane with the focuses -1,1 and the semiaxes R. We prov
e a similar inequality for a branch of an algebraic function of a give
n degree on the maximal disk of its regularity, with the explicitly gi
ven constant, depending on the degree only. In particular, this improv
es a recent inequality of Fefferman and Narasimhan and answers one of
their questions. We present in detail various properties of the classe
s of functions, satisfying Bernstein type inequalities and various app
roaches to establishing such inequalities.